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NBD BANK GETS 'OUTSTANDING' CRA RATING FOR SECOND CONSECUTIVE YEAR

 DETROIT, June 2 /PRNewswire/ -- NBD Bank, N.A. today announced that its regulator, the federal Office of the Comptroller of the Currency (OCC), has again given the bank its highest rating for meeting community credit needs.
 The OCC rated the bank "outstanding" for its performance in meeting the provisions of the Community Reinvestment Act (CRA) of 1977. CRA requires banks to meet the credit needs of their local communities, including low- and moderate-income areas. The ratings, "outstanding," "satisfactory," "needs improvement," or "in substantial non-compliance," result from examinations conducted by banking regulators and are matters of public record.
 In its report, the OCC particularly cited the NBD Community Development Corporation, which expanded its reach into outstate Michigan communities during 1992, the Detroit and regional housing conferences NBD hosted during the year and NBD's innovative consumer product introductions, such as the low down payment mortgage loan, "97 PLUS," and special home improvement loan for low-income individuals.
 Charles T. Fisher III, NBD chairman and president, said, "NBD has been committed to our community since our founding in 1933. We believe that, as a corporate citizen, we are responsible for investing in the communities that have helped us grow. CRA is good for business and good for the community."
 "We are proud of our second consecutive 'outstanding' rating because it indicates that, across the state, our staff is dedicated to making our communities better places to live, work and do business."
 Acknowledging the contributions of community groups and coalitions to this "outstanding" rating, Fisher renewed NBD's commitment to taking a leadership role in small business lending, home mortgage and home improvement lending and community redevelopment.
 NBD Bank operates 336 offices in 35 counties across Michigan.
 -0- 6/2/93
 /CONTACT: J. Richard Johnson, 313-225-2591, or M. Renee Ahee, 313-225-2596, both of NBD Bank, N.A./
 (NBD)


CO: NBD Bank, N.A. ST: Michigan IN: FIN SU: RTG

JG -- DE015 -- 4375 06/02/93 10:11 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
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